Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value Adjustments to Comprehensive income (Loss)

	Three Months Ended September 30,				Nine Months Ended September 30,
In thousands	2023		2022		2023		2022
Change in the value of equity securities(1)	$	(2,010)	$	(13,067)	$	4,629	$	(62,133)
Termination of gold zero cost collars	—		—		—		(3,139)
Fair value adjustments, net	$	(2,010)	$	(13,067)	$	4,629	$	(65,272)

(1) Includes unrealized losses on held equity securities of $2.0 million, and $13.1 million for the three months ended September 30, 2023, and 2022, respectively, and unrealized losses of $2.3 million and $46.5 million for the nine months ended September 30, 2023, and 2022, respectively

Financial assets and liabilities measured at fair value on recurring basis

The following table presents the Company’s financial assets and liabilities measured at fair value on a recurring basis (at least annually) by level within the fair value hierarchy. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement:

	Fair Value at September 30, 2023
In thousands	Total		Level 1		Level 2		Level 3
Assets:
Equity securities	$	7,231	$	7,231	$	—	$	—
Provisional metal sales contracts	36		—		36		—
Gold forwards	7,411		—		7,411		—
Silver forwards	4,243		—		4,243		—
	$	18,921	$	7,231	$	11,690	$	—
Liabilities:
Provisional metal sales contracts	$	53	$	—	$	53	$	—

	Fair Value at December 31, 2022
In thousands	Total		Level 1		Level 2		Level 3
Assets:
Equity securities including warrants	$	44,152	$	43,893	$	259	$	—
Provisional metal sales contracts	299		—		299		—
Gold forwards	12,343		—		12,343		—
	$	56,794	$	43,893	$	12,901	$	—
Liabilities:
Provisional metal sales contracts	$	10	$	—	$	10	$	—

Financial Assets and Liabilities not Measured at Fair Value

The fair value of financial assets and liabilities carried at book value in the financial statements at September 30, 2023 and December 31, 2022 is presented in the following table:

	September 30, 2023
In thousands	Book Value		Fair Value		Level 1		Level 2		Level 3
Liabilities:
2029 Senior Notes(1)	$	303,010	$	258,746	$	—	$	258,746	$	—
Revolving Credit Facility(2)	$	140,000	$	140,000	$	—	$	140,000	$	—

(1) Net of unamortized debt issuance costs of $4.2 million

(2) Unamortized debt issuance costs of $3.3 million included in Other Non-Current Assets.

	December 31, 2022
In thousands	Book Value		Fair Value		Level 1		Level 2		Level 3
Assets:
Promissory note	$	4,926	$	4,579	$	—	$	4,579	$	—
Deferred cash consideration	$	7,677	$	7,317	$	—	$	7,317	$	—
Liabilities:
2029 Senior Notes(1)	$	369,212	$	291,924	$	—	$	291,924	$	—
Revolving Credit Facility(2)	$	80,000	$	80,000	$	—	$	80,000	$	—

(1) Net of unamortized debt issuance costs of $5.8 million.

(2) Unamortized debt issuance costs of $3.6 million included in Other Non-Current Assets.